NASHVILLE – Legislation to cut back on the number and length of home foreclosure legal notices now required in Tennessee is being pushed by bankers who stand to save money if the bill passes and opposed by newspapers that stand to lose money.

While that is clear, the two sides – both aided by a contingent of lobbyists – clashed sharply over whether the proposed change would benefit financially strapped homeowners and the general public as the bill advanced in the House last week.

I encourage all Tennesseans to go read this article. Thank the Tennessee Bankers Assoc. for backing this hideous bill. You cannot turn your back on those who continue to be against you! NEVER.

From KnoxNews

The banking industry, it must be noted, bears much of the responsibility for the mortgage crisis that led to the recession. Banks and other lenders convinced too many people to guy mortgages they couldn’t afford. Thousands of Tennesseans are now out of work and having difficulties paying their mortgages.

Granting favors to banks seeking to foreclose on those properties is shameful. The foreclosure process is already too easy, and making it even easier would be brutal.